Submission of Annual Report of the Company for the Financial year ended 31.03.2025.
Awaiting price reaction for this filing.
Eros International Media submitted its 31st Annual Report for FY2024-25 to BSE and NSE, along with the notice for its 31st Annual General Meeting scheduled for Monday, December 1, 2025 at 3:00 p.m. via video conferencing. The AGM notice and full annual report are available on the company's website www.erosmediaworld.com. On the consolidated financial front, revenue from operations fell sharply to ₹6,322 lakh from ₹13,989 lakh in FY2023-24, but the company swung to a positive EBITDA of ₹12,988 lakh (vs. a loss of ₹37,166 lakh earlier) and a profit after tax of ₹11,502 lakh (vs. a loss of ₹41,603 lakh). Several board-level changes happened during the year, including the exit of long-serving director Mr. Sunil Lulla and chairman Mr. Dhirendra Swarup, and the appointment of Mr. Akshay Atkulwar as VP-Company Secretary. Management acknowledged ongoing cashflow stress post-COVID, a deferred film slate, and an evaluation of strategic asset sales aimed at reducing bank debt and reviving production.
Shareholders should note that the AGM on December 1, 2025 will be held virtually and the annual report is now accessible online. The swing to profit is encouraging, but the steep revenue drop and eroded networth signal the company is still financially fragile, with future performance dependent on its ability to restart film production and reduce debt.